Biogen Idec Inc. BIIB +3.05% and Isis Pharmaceuticals Inc. ISIS +3.09% entered into an agreement to develop and commercialize an antisense drug to treat Steinert disease, a deal that could see Isis receive more than $271 million.

Nike Inc.’s NKE -12.01% fiscal fourth-quarter earnings fell 7.6% as the maker of athletic gear continued to get hit with weaker margins and a charge related to the restructuring of its Nike brand’s Western European operations,…

Mobile phone heavyweight Samsung Electronics Co. (SSNHY, 005930.SE) is playing a more hands-on role in the advertising on its devices, underlining the growing potential many companies see in mobile ads.

Peabody Energy BTU -1.18% warned its first-quarter earnings will likely come in at the low end of its prior downbeat projection due to storms and flooding in Australia, which have halted port and rail movements.